Ukraine announced that it has reached a significant agreement with the Eurobond Holders Committee on restructuring its debt. The agreement aims to significantly reduce the country's financial burden, allowing it to significantly save money on debt service and direct it to important social and defense needs.
Ukraine has reached an agreement with the Eurobond Holders Committee, which is an important stage in debt restructuring. This will save $11.4 billion on debt service over 3 years and $22.75 billion by 2033, freeing up resources for defense and social needs. Prime Minister Denys Shmyhal announced this on Monday.
Restoring debt sustainability. Today, we reached agreements in principle with the Committee of Eurobond Holders of Ukraine. This is an important stage in the debt restructuring process, which will save $11.4 billion in debt service over the next three years and $22.75 billion by 2033
In his words, “this way we will be able to free up resources for urgent needs: our defense, social protection, and recovery.”.
